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Times have become difficult for December-elected President Andres Manuel Lopez Obrador. US President unexpected threat of implementing tariffs on all exports to the US set for next Monday as well as recent Fitch downgrade and Moody’s negative outlook could push the country into a recession...
Pivot (invalidation): 52.50 Our preference Short positions below 52.50 with targets at 51.25 & 50.60 in extension. Alternative scenario Above 52.50 look for further upside with 53.00 & 53.40 as targets...
Pivot (invalidation): 14.7000 Our preference Long positions above 14.7000 with targets at 14.9200 & 15.0000 in extension. Alternative scenario Below 14.7000 look for further downside with 14.6400 & 14.5600 as targets...
Pivot (invalidation): 1324.00 Our preference Long positions above 1324.00 with targets at 1334.00 & 1344.00 in extension. Alternative scenario Below 1324.00 look for further downside with 1320.00 & 1315.00 as targets...
Pivot (invalidation): 2803.50 Our preference Long positions above 2803.50 with targets at 2838.50 & 2856.00 in extension. Alternative scenario Below 2803.50 look for further downside with 2778.00 & 2762.75 as targets...
Pivot (invalidation): 12058.00 Our preference Short positions below 12058.00 with targets at 11880.00 & 11820.00 in extension. Alternative scenario Above 12058.00 look for further upside with 12120.00 & 12170.00 as targets...
vot (invalidation): 5.7390 Our preference Short positions below 5.7390 with targets at 5.7010 & 5.6740 in extension. Alternative scenario Above 5.7390 look for further upside with 5.7660 & 5.7920 as targets...
Pivot (invalidation): 0.6985 Our preference Short positions below 0.6985 with targets at 0.6960 & 0.6940 in extension. Alternative scenario Above 0.6985 look for further upside with 0.6995 & 0.7005 as targets...
Pivot (invalidation): 1.3390 Our preference Long positions above 1.3390 with targets at 1.3430 & 1.3450 in extension. Alternative scenario Below 1.3390 look for further downside with 1.3360 & 1.3330 as targets...
Pivot (invalidation): 0.9920 Our preference Long positions above 0.9920 with targets at 0.9960 & 0.9995 in extension. Alternative scenario Below 0.9920 look for further downside with 0.9900 & 0.9880 as targets...
Pivot (invalidation): 108.10 Our preference Long positions above 108.10 with targets at 108.45 & 108.70 in extension. Alternative scenario Below 108.10 look for further downside with 107.80 & 107.55 as targets...
Pivot (invalidation): 1.2715 Our preference Short positions below 1.2715 with targets at 1.2670 & 1.2650 in extension. Alternative scenario Above 1.2715 look for further upside with 1.2740 & 1.2760 as targets...
Pivot (invalidation): 1.1250 Our preference Short positions below 1.1250 with targets at 1.1215 & 1.1190 in extension. Alternative scenario Above 1.1250 look for further upside with 1.1270 & 1.1295 as targets...
The currency of Japan known the Japanese yen and can be referred to as ¥. In Currency trading, it truly is money abbreviation is currently JPY. Japan yen will be that the most traded money following the US Dollar and EUR in the Fx. It’s widely utilized as a reserve currency...
EURGBP looks to weaken further lower on correction as it retains its downside pressure. On the downside, support stands at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break below here will aim at the 0.8700 level...
The change in tone from the South African Reserve Bank is more than understandable. Although Cyril Ramaphosa emerged victorious from general elections, political, structural and growth uncertainties weigh on the South African economy and ultimately its currency, which is losing steam this week...
The one-two punch of St. Louis Fed Bullard and Chair Powell could have not been clearer. The Fed now has a dovish tilt. Yesterday Powell remarked that given the lack of inflation pressure emulating for the US economy, the Fed has the right and ability to target economic growth...
Pivot (invalidation): 52.50 Our preference Long positions above 52.50 with targets at 53.75 & 54.60 in extension. Alternative scenario Below 52.50 look for further downside with 52.10 & 51.60 as targets...
Pivot (invalidation): 14.7300 Our preference Long positions above 14.7300 with targets at 14.8600 & 14.9200 in extension. Alternative scenario Below 14.7300 look for further downside with 14.6900 & 14.6500 as targets...
